All of the Following Except One Are Considered to Be

question 155

Multiple Choice

All of the following except one are considered to be the prerequisite elements for a market system to work effectively.Which is the exception?

• A)Extensive specialization and trade.
• B)Perfect competition.
• C)Private ownership of productive resources.
• D)A legal and social foundation
• E)A balanced government budget

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Definitions:

Intellectual Curiosity

The desire to learn, understand, and explore intellectual content and concepts beyond what is required or immediately necessary.

Big Five

The five basic dimensions of personality found in many factor analytic studies.

Factor Analysis

A statistical approach that explains the variance among observed, correlated variables through fewer, unseen variables known as factors.

Personality Structure

The organization and dynamic interplay of core aspects of personality, including traits, motives, and self-concepts.